Tag: megadevelopments
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Exploring Forest City: A Glimpse into China’s Real Estate Troubles and the Global Economic Impact
The recent video sheds light on the current state of Forest City, a large-scale property development in Southern Malaysia by Chinese real estate firm Country Garden. Initially intended to house 700,000 people with luxury amenities, it now stands mostly vacant, with only about 9,000 residents. This situation mirrors China’s broader property crisis, characterized by overbuilding,…